Denmark’s central bank to stop producing paper money, coins

With more and more people paying with credit cards and their smartphones, Denmark’s central bank Nationalbanken says it no longer pays to print banknotes or mint coins. Seddeltrykkeriet Goebel

By the end of 2016, Nationalbanken plans to outsource all of its printing and minting services to an external supplier.

“Although the amount of cash circulating in Denmark continues to be high, society’s demand for new banknotes and coins has been falling for years, and Nationalbanken has no expectations that the trend will be reversed,” the bank wrote in a press release.

Read more: The Local Denmark

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